The balanced security approach

Doug and Chris, Okay, I

Doug and Chris,

Okay, I stand corrected, however, "Not too much or not too little" authentication security for accessing your online bank account is quickly becoming a smaller range of security choices based on what’s available today and those choices are solutions approaching the highest security levels available for online banking.

I am the guy who has to walk into your Bank and tell them what it will take to properly protect you when accessing your online bank account from what just happened in Europe and Florida.

Hacker's have shown that Software alone is no longer strong enough to offer proper accessing security. We have reached the point that Hardware must be brought into the Online Banking security arena. I agree, it can not be expensive and must be as user friendly as possible. If I do not advise your Bank to implement a solution that includes hardware, I'd be putting you and all the other Bank Members at risk of being hacked.

I'll agree that Biometrics is an over kill for protecting online bank accounts. Personally, I do not like Biometrics because it is expensive and depending on the level of sophistication, it can be forged.

I previously mentioned a Smart Card or Token but companies could also develop software, which we will release shortly, that converts your PC into a “virtual token” and therefore uses your computer as the hardware or something you physically have. Those who have tried this have run into not being able to offer the users total secure portability.

I could not have said it

I could not have said it better myself, Chris!

Too little security is NEVER

Too little security is NEVER a good thing! High level security is not expensive either. Smart Chip Technology is the proper way to keep your online banking members accounts secure. No matter what personal info we might be tricked into giving out, a Hacker can not enter our online bank account without our hardware Token or Smartcard. Here is how simple the OHVA OnhandID Token is to operate. Plug it into any PC microphone jack, then type in your password and push the button on the Token. You've just entered your online account securely. How much is such a Token? Under $5 and it's only a one time charge. That is high level security and inexpensive. Without that Token present, you can not gain access into your account. If you lose the Token and a Hacker finds it, there is no personal information carried in the Token, so it becomes useless, plus the Hacker does not know your personal Password, only you know that.

With todays more advanced Phishing and especially Keylogging exploits, having too little security is a big risk. I sure don't mind carrying a Smart Token on my key chain to access my online bank account securely and I don't believe anyone else minds either. The Banks just don't want to pay $25 per Token renewable every 3 years and then give them away for free. I don't blame them but no one should ever tell us that too much security is a bad thing. That's just WRONG!